Skip to content

Credit Suisse Loses Five More Private Bankers in Hong Kong

  • Departures add to two senior bankers who resigned last month
  • Shares fall to record low, default swaps spike amid turmoil

Credit Suisse Group AG is struggling to halt departures from its private bank in Hong Kong, with more recent resignations amid the turmoil at the Swiss lender. 

Luke Chiu, a managing director and China market leader has resigned from the bank, according to people familiar with the matter who asked not to be identified discussing private information.